Butane is a flammable hydrocarbon gas
liquefied through pressurization. Butane is a gaseous fuel derived from
petroleum. It is used primarily for camping, cooking and cigarette
lighters. Butane is blended with propane and commercially sold as LPG
(liquefied petroleum gas). Butane exists in two forms, n-butane and
ISO-butane. N-butane is technically butane fuel and iso-butane is an
isomer of butane with same chemical formula as butane but different
physical properties. Butane is used in fuel manufacturing processes due
to its properties such as highly flammable and easily liquefiable.

Figure 1: Global Butane Market by Value 2015 - 2023

Market Insights

The global butane market was sized over
USD 60 billion in 2015. The global butane market is projected to reach
USD 81 billion by 2023, growing with a CAGR of x.xx% from 2017
to 2023. The rising demand for liquid petroleum gas (LPG) is the key
factor driving the growth of global butane market from residential and
commercial sectors where it is mainly used as a domestic fuel. Moreover,
use of butane as petrochemical feed stock for producing other derivates
and ethylene are also driving the growth of this market. Furthermore,
rising standards of living and disposable incomes are also anticipated
to drive the growth of global butane market over the forecast period.
However, volatility in crude oil prices and stringent government
regulations owing to growing environmental concerns are the prime
factors restraining growth of global butane market. Rising
industrialization with capacity expansions of refineries in emerging
economies like India and China are likely to bring more opportunities to
the butane industry. Increasing need for energy supply in automotive
sectors as well as technological developments by companies for
increasing the application areas for butane are anticipated to bring
more opportunities to global butane market over the forecast period.

Segments Covered:

The report segments the global butane market by applications and region. The global butane market is segmented
on the basis of application as LPG, petrochemicals, refineries and
others. LPG is further sub segmented into residential & commercial,
chemical & petrochemical, auto-fuel, industrial, refinery and
others. Moreover, LPG dominates the applications segment with share
accounting more than 60% in 2015. The residential & commercial
growth sub segment is expected to cover 50% of the overall butane
industry over the forecast period.

Geographic Coverage and Analysis:

The report provides regional analysis
covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. In this section the key trends and market size for
each geography is provided over the period of 2015 – 2023.

Figure 2: Global Butane Market by Region 2015 - 2023

Asia-Pacific region is the largest as
well as the fastest growing butane market in the world accounting more
than 50% shares of the overall industry. The global butane market is
driven by increase in demand for the gas in refineries and chemical
processing units in countries such as India, China, and some others in
Asia-Pacific region. Growth of automotive & construction industries
and infrastructure in Asia Pacific is anticipated to bring more demand
for the butane market. Moreover, presence of auto fuel and
petrochemicals industry in North America is anticipated to have
significant growth over the forecast period. Furthermore, rapid
development in the shale gas in the U.S. can support the demand for
natural gas liquids, driving the demand for global butane market.
However, in RoW region increasing use of LPG in feed stock substitution
for crude oil and natural gas in refineries are likely to have positive
impact on the demand of butane in the countries like Nigeria, Saudi
Arabia and Africa over the forecast period.

The report provides deep insights on
demand forecasts, market trends and micro and macro indicators. In
addition, this report provides insights on the factors that are driving
and restraining the demand of butane globally as well as regionally.
Moreover, IGR-Growth Matrix analysis given in the report brings an
insight on the investment areas that existing or new market players can
consider. The report provides insights into the market using analytical
tools such as Porter’s five forces analysis and value chain analysis of butane.

Moreover, the study highlights current market trends and
provides forecast from 2017 to 2023. We also have highlighted future
trends in the butane market that will impact the demand during the
forecast period. Moreover, the competitive analysis given in each
regional market brings an insight on the market share of the leading
players. Additionally, the analysis highlights rise and fall in the
market shares of the key players in the market. This report will help
manufacturers, suppliers and distributors of the butane market to
understand the present and future trends in this market and formulate
their strategies accordingly.

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